Cost Accounting: Decision Making

In the third course, you will learn how to use information from cost accounting to improve managerial decision-making. We discuss business decisions and suggest how cost information can support them best. For example, how will costs change if managers adjust cost drivers? How many units do companies need to sell in order to avoid losses or to achieve a targeted profit? How can managers improve pricing or product programs with information from cost accounting?

• Learn methods to analyze cost behavior with changes in produced or sold quantities
• Use cost information to support business decisions
• Distinguish relevant costs for informed decision-making